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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2011 Our company wants to make a payment to a Foreign company in Italy towards some technical services.
My query is while grossing up the Invoice amount, should i consider 206AA ( higher deduction without PAN) ie 20.6% or normal deduction rate ie 10%.

Thanks in advance

DEEP SINGH TOMAR

DEEP SINGH TOMAR (Expert)
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01 July 2011 it will be grossing up the Invoice amount, should i consider 206AA ( higher deduction without PAN) ie 20% or normal deduction rate ie 10% if assessee provide Valid PAN.